#experiencedattorneyforfinradefense - Law Offices of Robert Wayne Pearce

Scottsdale, Arizona FINRA Defense Lawyers

Do You Need a FINRA Defense Attorney? You may have read that John Lee Scott of Scottsdale, Arizona was permanently barred by the Financial Industry Regulatory Authority (“FINRA”) from working in the securities industry because he failed to comply with FINRA Rule 8210 and 2010. In March 2017, John Lee Scott joined LPL Financial, LLC as an Investment Company and Variable Contracts Products Representative. According to the findings, FINRA sent Scott a request to appear for an on-the-record testimony in connection with their investigation into whether he participated in undisclosed outside business activities and private securities transactions. The findings state that Scott responded to FINRA through email stating that he allegedly received, acknowledged, and refused to appear for an on-the-record testimony at any time. John Lee Scott is currently associated with another member firm and remains subject to FINRA’s jurisdiction. FINRA Rule 8210(a)(1) states, in relevant part, that FINRA staff shall have the right to “require a member, person associated with a member, or any other person subject to FINRA’s jurisdiction to provide information orally, in writing, or electronically…with respect to any matter involved in the investigation, complaint, examination, or proceeding.” A failure to comply with a request for documents and information issued pursuant to FINRA Rule 8210 is a violation of FINRA Rule 2010, which requires associated persons to “observe high standards of commercial honor and just and equitable principles of trade.” Unfortunately, John Lee Scott might have avoided that FINRA 8210 bar from the securities industry with a skilled and experienced FINRA 8210 defense attorney. It is important, early on, to have a FINRA defense attorney advise you on how not to make matters worse and resolve the dispute with the least amount of sanctions which could range from censures to fines, suspensions, permanent bars, and/or referrals to federal or state prosecutors. You will need an experienced FINRA defense lawyer who not only has knowledge of FINRA rules and procedures, the securities laws and the appropriate sanction for the alleged misconduct but also has an excellent reputation and credibility with the FINRA attorneys to negotiate the best outcome. Free Initial Consultation With FINRA 8210 Defense Attorney Serving Financial Advisors Throughout Scottsdale, Arizona And Nationwide The Law Offices of Robert Wayne Pearce, P.A. understands what is at stake in FINRA securities law matters and works tirelessly to secure the best possible result for you and your case. Attorney Pearce’s FINRA defense skills are highly regarded throughout Arizona and across the nation. For dedicated representation by an attorney with over 40 years of experience and success in all kinds of FINRA disputes serving Arizona citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889, or via e-mail.

Nov 23, 2021

New York, New York FINRA Defense Lawyers

Do You Need a FINRA Defense Attorney? You may have read that Jared Evan Ailstock of New York, New York was permanently barred by the Financial Industry Regulatory Authority (“FINRA”) from working in the securities industry because he failed to comply with FINRA Rule 8210 and 2010. In June 2015, Jared Evan Ailstock joined Goldman Sachs & Co. LLC as a General Securities Representative and as an Investment Banking Representative. The firm later filed a Uniform Termination Notice for Securities Industry Registration (Form U5) stating that Ailstock had been discharged due to alleged misconduct. According to the findings, FINRA sent Ailstock a request to appear for and provide an on-the-record testimony regarding their investigation as to whether he submitted inaccurate business expense reimbursement requests to his firm. The findings state that Ailstock responded to FINRA through email, stating that he allegedly received, acknowledged, and refused the request to appear for an on-the-record testimony at any time. Although Jared Evan Ailstock is no longer associated with any FINRA member firm, he remains subject to FINRA’s jurisdiction. FINRA Rule 8210 states, in relevant part, that FINRA has the right to require a “person subject to FINRA’ s jurisdiction to provide information orally, in writing, or electronically with respect to any matter involved in the investigation, complaint, examination or proceeding.” FINRA Rule 8210 also specifies that “no person shall fail to provide information or testimony pursuant to this Rule.” A failure to provide information and/or testimony requested by FINRA pursuant to Rule 8210 violates Rule 8210. Conduct that violates FINRA Rule 8210 also violates FINRA Rule 2010, which requires associated persons to “observe high standards of commercial honor and just and equitable principals of trade.” Unfortunately, Jared Ailstock might have avoided that FINRA 8210 bar from the securities industry with a skilled and experienced FINRA 8210 defense attorney. It is important, early on, to have a FINRA defense attorney advise you on how not to make matters worse and resolve the dispute with the least amount of sanctions which could range from censures to fines, suspensions, permanent bars, and/or referrals to federal or state prosecutors. You will need an experienced FINRA defense lawyer who not only has knowledge of FINRA rules and procedures, the securities laws and the appropriate sanction for the alleged misconduct but also has an excellent reputation and credibility with the FINRA attorneys to negotiate the best outcome. Free Initial Consultation With FINRA 8210 Defense Attorney Serving Financial Advisors Throughout New York And Nationwide The Law Offices of Robert Wayne Pearce, P.A. understands what is at stake in FINRA securities law matters and works tirelessly to secure the best possible result for you and your case. Attorney Pearce’s FINRA defense skills are highly regarded throughout New York and across the nation. For dedicated representation by an attorney with over 40 years of experience and success in all kinds of FINRA disputes serving New York citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889, or via e-mail.